“The conflict with Iran has entered a damaging new phase—a crippling limbo between war and peace that leaves the Strait of Hormuz closed and the prospect of escalation looming,” the Wall Street Journal reports. “The missiles and bombs that the U.S. and Israel rained down on Iran and Tehran’s retaliatory salvos might have stopped with President Trump’s indefinite extension of a cease-fire. But the battle for control of the strait, one of the most important conduits of global commerce, is raging, leaving commodity traders on edge and helping push international oil prices above $100 a barrel on Wednesday.” New York Times: Iran has stranglehold over strait even after ceasefire.